The Bush tax cuts go into effect, and the government collects a record amount of money. Seems like tax cuts can work to bring in additional dollars just as the tax cuts did when Reagan was in office. The problem is not a lack of revenue, it is a lack of control with spending. My wife's wages have been frozen for the last three years, and my salary increase the last two years was a 0%, but the answer to our financial situation was not to go out and increase our spending. I am also tired of hearing how we have to "pay" for tax cuts. That is a bunch of baloney. IT IS MY MONEY!!!! The government does not have a right to take as much as they want to support a bunch of failed programs and government policies. Quit sending my money overseas, giving it to people who are unwilling to work for themselves, and to keep a bloated government afloat.
Neither side seems to understand that if you do not have money, then something has to give. I am in charge of roughly 100 employees, and in the current economic situation we did not give raises. We cut staff, spending, and any expenses we could find to cut. We did not go out and ask anyone to pay more so we could give out big raises and buy things we cannot afford.
The answer is simple - jump start the economy by allowing those evil rich people who create jobs to keep their money. Allow uppper middle class, middle class and every class to keep more of their money. They will invest and spend the money to get the economy going. Just quit taking my money to give tax credits to people who do not pay any taxes, and to give benefits to people who are capable of working, but refuse to get off the couch.